Two former Parramatta Eels players are accused of harbouring semi-automatic weapons and possessing more than half-a-million dollars in cash after dramatic arrests in Sydney's Centennial Park yesterday.

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Eight in 10 were in paid work, including 60 per cent who work more than 10 hours a week and 20 per cent who work more than 20 hours a week.

But half of the participating students struggled with rent costs.

Senator Leyonhjelm argued university graduates eventually earned higher incomes, and more subsidies would hit those that didn't go to university hardest.

Nevertheless, nine-in-10 students in the survey said they had struggled to buy essential items like textbooks, while more than half frequently struggled to afford such items.

It also found that 85 per cent of students did not believe that Centrelink provided them with enough to live and study.

Greens senator Janet Rice said Australia was failing its students.

"It's a real struggle. Young people today are absolutely being screwed over," she said, citing flagged student allowance rates that lagged behind cost-of-living increases, as well as rising student fees as concerns.